US cableco Mediacom is offering US$200m in senior notes in a private placement to refinance debt.
The proceeds from the seven-year paper repay a portion of its outstanding US$744m term loan that is set to mature next January.
In its annual report the…
US cableco Mediacom is offering US$200m in senior notes in a private placement to refinance debt.
The proceeds from the seven-year paper repay a portion of its outstanding US$744m term loan that is set to mature next January.
In its annual report the New York state-based operator disclosed total debts of US$1.9bn.
In February Mediacom already took a chunk out of the US$744m loan after it secured a US$250m senior secured term loan and a US$225m revolver.
The cableco operates in the Midwest and southern states, and focuses on smaller markets. It was taken private by founder Rocco B. Commisso in 2011 and has roughly one million customers.
